Qwest CEO puts home on market
Ed Mueller wants to sell his house near Cherry Creek, but Qwest
says he won't leave
By Andy Vuong
Wednesday, August 19, 2009
Qwest chief executive Ed Mueller has put his 9,200-square-foot
mansion near Cherry Creek on the market for $4.7 million.
Mueller, 62, bought the century-old home for $4.4 million in
November 2007, three months after he was hired to succeed former
Qwest CEO Dick Notebaert.
Mueller and his wife, Susan, don't have plans to leave the Denver area, said Qwest spokeswoman Johnna
"Ed and Susan love
Denver, and they have no intentions of
moving," Hoff said. "They're simply exploring other homes in
other areas of the city."
Mueller moved to Denver
from the San Francisco Bay Area, where he was CEO of cookware
retailer Williams-Sonoma from 2003 to 2006.
As part of his employment agreement with Qwest, the Denver-based
company purchased Mueller's house in
for $8.9 million in September 2007. Qwest sold the house three
months later for $7.1 million, eating a $1.8 million loss. Qwest
also paid about $44,000 to maintain the house while the company
owned it, according to a regulatory filing.
In 2008, Mueller earned $10.4 million in total compensation.
He just wrapped up the second year of a three-year contract
that, beginning in August 2010, renews automatically in one-year
increments if neither party objects.
Under Mueller's leadership, Qwest stock has fallen by more than
50 percent, closing Tuesday at $3.81 a share. The company,
however, has continued to post profits, thanks largely to cost
Mueller put his six-bedroom, five-bathroom Denver Country Club
home up for sale in June.
Andy Vuong: 303-954-1209 or